StealthGas Inc. (NASDAQ:GASS - Get Free Report) was the recipient of a large growth in short interest in September. As of September 15th, there was short interest totalling 119,200 shares, a growth of 46.3% from the August 31st total of 81,500 shares. Approximately 0.5% of the company's stock are short sold. Based on an average daily volume of 131,200 shares, the days-to-cover ratio is currently 0.9 days.
Several institutional investors and hedge funds have recently added to or reduced their stakes in GASS. Sei Investments Co. boosted its holdings in shares of StealthGas by 37.6% during the 2nd quarter. Sei Investments Co. now owns 26,412 shares of the shipping company's stock worth $194,000 after purchasing an additional 7,222 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in StealthGas by 9.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 97,163 shares of the shipping company's stock valued at $577,000 after purchasing an additional 8,054 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in StealthGas by 21.0% in the 1st quarter. Russell Investments Group Ltd. now owns 54,736 shares of the shipping company's stock valued at $325,000 after purchasing an additional 9,512 shares during the last quarter. EntryPoint Capital LLC acquired a new stake in shares of StealthGas during the 1st quarter worth approximately $62,000. Finally, Virtu Financial LLC acquired a new stake in shares of StealthGas during the 1st quarter worth approximately $64,000. Institutional investors and hedge funds own 66.32% of the company's stock.
GASS traded down $0.06 on Friday, reaching $6.86. The stock had a trading volume of 80,050 shares, compared to its average volume of 155,077. The business's 50-day moving average price is $6.32 and its two-hundred day moving average price is $6.63. The company has a market cap of $247.93 million, a P/E ratio of 4.87 and a beta of 0.80. StealthGas has a 12-month low of $4.74 and a 12-month high of $8.84. The company has a current ratio of 2.50, a quick ratio of 2.43 and a debt-to-equity ratio of 0.17.
Separately, StockNews.com cut StealthGas from a "strong-buy" rating to a "buy" rating in a research report on Sunday, September 15th.
Get Our Latest Report on StealthGas
StealthGas Inc, together with its subsidiaries, provides seaborne transportation services to liquefied petroleum gas (LPG) producers and users worldwide. The company's carriers carry various petroleum gas products in liquefied form, including propane, butane, butadiene, isopropane, propylene, and vinyl chloride monomer, as well as ammonia; refined petroleum products, such as gasoline, diesel, fuel oil, and jet fuel; and edible oils and chemicals.
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